Herbert2020 (OP)
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May 31, 2017, 06:07:19 AM
Last edit: June 04, 2017, 06:20:31 AM by Herbert2020 |
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GMO Click Securities' Annual FX Trading Volume is No.1 Worldwide in 2016 for the 5th Consecutive Year Since 2012  now this Japanese internet giant called GMO Internet Group is going to start their full scale bitcoin trading platform very soon. and it is expected to become very popular very fast in Japan. how do you think this is going to affect the whole market? the price is just one of them, we have seen the effects Japan had, what other effects do you think they will have, for example do you think this will change things for ETF's in US, how about regulations in other countries and their Forex brokers adding bitcoin on this scale?
edit: It is open now: https://coin.z.com/jp/index.htmland already meeting a large demand for bitcoin GMO Click Securities (the company) has estimates that the market size in Japan for cryptocurrencies will grow to 1 trillion yen daily volume, or US$8.7 billion daily within a few years. Z.com Coin is offering two types of account plans for users, referred to as “Simple” and “Full Access.” With Simple, the website doesn’t ask for much identifying information, so customers can get set up quickly. However, they can only treat the exchange as a cryptocurrency wallet where they can buy coins, make deposits, and withdraw them again.
The Full Access accounts require Know Your Customer (KYC) and Anti Money Laundering (AML) documentation, but permits users to deposit and withdraw Japanese yen, and trade on both of Z.com Coin’s trading services.
The company is initially offering a Bitcoin wallet and two markets for their customer to trade. The first is a Foreign Exchange market that allows Bitcoin to be traded for various fiat currencies, called the “virtual currency FX” market. Traders also have access to margin trading, an already-very popular market type for Z.com, according to the announcement.
The other market is a more traditional Bitcoin exchange, which they simply call their “virtual currency” market. The service allows anyone to buy bitcoins for Yen, and potentially other cryptocurrencies like Ethereum in the future, and send them to their Z.com coin wallet. As with the now competing exchange BitFlyer, trading fees on the Virtual Currency market are zero.
source: https://bravenewcoin.com/news/japans-largest-forex-market-opens-bitcoin-exchanges-to-overwhelming-demand/ |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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n0ne
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May 31, 2017, 09:13:07 AM |
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Anything relating to bitcoin getting into effect from Japan doesn't look to be a big news, because they have legalized the bitcoin usage long back which is the big news. On a sudden more than 20000 merchants all around the country started accepting bitcoin and now the rest are initiating the plans to profit through bitcoin.
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spiderbrain
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May 31, 2017, 09:57:05 AM |
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I reckon this is pretty decent news.
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cafucafucafu
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May 31, 2017, 10:01:33 AM |
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First of all i never knew that a Japanese forex broker was the number one forex broker in the world. But this is obviously extremely positive news for bitcoin as Japan has recently just legalised bitcoin, and now that the number 1 broker in the world has started to accept btc as well it's just a cherry on top.
Other online brokers have already offered btc trading pairs for years and it's really popular as btc prices fluctuate a lot, and traders love that.
Decent news? Yeah definitely.
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jorneyflair
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May 31, 2017, 10:04:05 AM |
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Now i'm not saying that this is bad news at all, no i think that this is good news. However I think we are focusing too much on forex brokers, governments legalizing bitcoin, etc. This is important but it's not as important as real people using bitcoin as a currency, in daily life, buying stuff that they want, earning an income online and getting paid no matter where they are with bitcoins.
Speculation in my opinion is nowhere as important as actual adoption and usage of btc.
But still, congratz on japan for legalizing btc and companies are sure taking advantages of this.
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YuginKadoya
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May 31, 2017, 10:36:23 AM |
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First of all i never knew that a Japanese forex broker was the number one forex broker in the world. But this is obviously extremely positive news for bitcoin as Japan has recently just legalised bitcoin, and now that the number 1 broker in the world has started to accept btc as well it's just a cherry on top.
Other online brokers have already offered btc trading pairs for years and it's really popular as btc prices fluctuate a lot, and traders love that.
Decent news? Yeah definitely.
There are other Forex Broker in but I don't think it let's you make a trade with bitcoin and AvaTrade is among the top Forex brokers in the world, and I think japan is gonna make their own forex broker that may make a trade on bitcoin I really think this is an additional spike up for the community and would surely make an impact with the value of bitcoin it lot's of people would really make a trade and transaction over bitcoin. |
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BitHodler
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May 31, 2017, 10:45:05 AM |
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Japan is the perfect example of how governmental Bitcoin friendliness results in a much wider field of adoption ~ this is just the first step.
Another positive aspect of this is that the average joe type of people will slowly forget about the negativity that the media has been pumping into the world to make Bitcoin look bad.
If this continues, and I definitely believe so, then I wouldn't be surprised to see Japanese pension funds allocate a certain percentage of their holdings purely to Bitcoin.
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BSV is not the real Bcash. Bcash is the real Bcash.
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veleten
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May 31, 2017, 01:07:45 PM |
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as much as I dislike Forex and everything connected with it
I must admit that this is good news for both adoption and bitcoin price
Japan and Korea being the locomotives at the moment driving the price up and increasing the demand for coins
think there will be news about japanese companies paying employees in bitcoins very soon
and this could open a flood of businesses accepting bitcoins or trading for bitcoins
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BrewMaster
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There is trouble abrewing
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May 31, 2017, 03:55:43 PM |
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i really love Japan, not only for the mass adoption of bitcoin, that is too obvious. but i love it because they are moving forward with their adoption so smoothly and so silently without any drama!
so far in any other place we keep seeing a lot of drama, a lot of government meddling and roadblocks!
this is going to be a new full bitcoin exchange platform with zero fees by the way.
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There is a FOMO brewing...
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freedomno1
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May 31, 2017, 04:48:36 PM |
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If it's added to the forex brokers it's going to go crazy speculators will love this.
So quite a bullish signal by all means.
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Believing in Bitcoins and it's ability to change the world
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FractalUniverse
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May 31, 2017, 06:18:03 PM |
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any news about their offered leverage for bitcoin?
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cpfreeplz
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May 31, 2017, 06:21:22 PM |
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i really love Japan, not only for the mass adoption of bitcoin, that is too obvious. but i love it because they are moving forward with their adoption so smoothly and so silently without any drama!
so far in any other place we keep seeing a lot of drama, a lot of government meddling and roadblocks!
this is going to be a new full bitcoin exchange platform with zero fees by the way.
In the west we deal with a lot of old timer idiots in government who don't want anything to change. At some point someone new will ce in when that moron retires and we'll only be 10 or 20 years behind every Asian country. |
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BitFinnese
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May 31, 2017, 06:29:34 PM |
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If it's added to the forex brokers it's going to go crazy speculators will love this.
So quite a bullish signal by all means.
Yeah and the best of it, the biggest broker in the world is adding it. I am sure there will be lots of new bloods joining the Bitcoin trades. This indeed signal a bullish trend for Bitcoin coupled with Australia and other new updates like smart contract coming to bitcoin. |
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FractalUniverse
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May 31, 2017, 06:38:18 PM |
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the question is if they will be trading real bitcoins or some bitcoin cfds
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btc_angela
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May 31, 2017, 06:42:07 PM |
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This is good news indeed. This will shake the forex industry as GMO will not introduce bitcoin as well. For sure forex traders will see this as a new opportunity to profit huge because of the unstable price of bitcoin. Another cash flow will be pouring as well coming from forex to bitcoin ecosystem. Good sign that the market trend will start to be bullish again.
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angaper
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May 31, 2017, 07:21:49 PM
Last edit: May 31, 2017, 07:59:26 PM by angaper |
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GMO, the biggest Forex broker?  It would be interesting to know where this information comes from. I have almost a decade dedicated to this business and it is very usual for every broker to promote itself as the best or the greatest. By the way it strikes me that this graph only names that GMO broker and does not make clear which other brokers occupy the other spots, besides that being written in Japanese, it seems obvious to me that it is only promoting itself as the biggest one. On the other hand I do not see this information so relevant. There are many other great brokers who have already implemented bitcoin in their trading and payment options for some time. |
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cengsuwuei
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May 31, 2017, 11:36:03 PM |
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GMO not biggest forex broker in japan
biggest forex broken in japan, sample naturefx, salma and more, about GMO iam first hear
where link GMo forex broker
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jhenfelipe
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May 31, 2017, 11:50:54 PM |
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I first heard of GMO last January if I'm not mistaken, when there's a news that they will be launching a Japanese Bitcoin wallet service. After that, I don't know if there's a progress. After reading this, I did some research. I found out that it was supposed to be launch last May 24 but postponed and re-scheduled to May 31 : https://news.bitcoin.com/japanese-internet-giant-gmo-postpones-launching-bitcoin-trading-platform-may-31/I always find it good when big company adapt bitcoin. Let's see if it will affect the market (not all are aware of this news). |
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Herbert2020 (OP)
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June 01, 2017, 06:36:49 AM |
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GMO, the biggest Forex broker? It would be interesting to know where this information comes from. I have almost a decade dedicated to this business and it is very usual for every broker to promote itself as the best or the greatest. By the way it strikes me that this graph only names that GMO broker and does not make clear which other brokers occupy the other spots, besides that being written in Japanese, it seems obvious to me that it is only promoting itself as the biggest one. On the other hand I do not see this information so relevant. There are many other great brokers who have already implemented bitcoin in their trading and payment options for some time. well, i am not really into Forex trading so i have no idea about where to really search for a valid data but here i found another news source: http://www.financemagnates.com/forex/brokers/gmo-click-remains-largest-forex-broker-world-2016/other websites listing Forex brokers seem to be only listing US and Europe Forex brokers and not Asia when it comes to volume. and most of their listings are not based on volume but based on other things such as which one is the best! |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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buwaytress
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June 01, 2017, 09:27:34 AM |
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I've actually seen more than one broker ad, either on Bloomberg of some financial magazine or other, or even on random ad space advertising to be the #1 Forex broker in the world. It's anybody's guess how anyone could arrive at that. Volume? Accounts? # of trades? All can be easily manipulated to attain #1 - as crypto alt markets have also shown.
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